Does the Bonchon agreement define 'Law' in the context of prohibited uses of Stripe Technology?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
You must not use the Stripe Technology for any purposes prohibited by Law, including the development, design, manufacture or production of missiles, nuclear, chemical or biological weapons.
Each party to this Agreement, and each Financial Partner, is an independent contractor. Nothing in this Agreement serves to establish a partnership, joint venture, or general agency relationship between Stripe and you, or with any Financial Partner. If this Agreement expressly establishes an agency relationship between you as principal and a Stripe Entity as agent, the agency conferred, including your rights as principal and a Stripe Entity's obligations as agent, is limited strictly to the stated appointment and purpose and implies no duty to you, or a Stripe Entity, and will in no event establish an agency relationship for tax purposes.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, the franchise agreement does not explicitly define the term "Law" within the context of prohibited uses of Stripe Technology. However, the agreement states that franchisees must comply with the law regarding their business, use of services, Stripe Technology, and the performance of their obligations.
This means that Bonchon franchisees are responsible for understanding and adhering to all applicable laws and regulations relevant to their business operations, including those related to the use of Stripe Technology. The agreement specifies that franchisees must not use Stripe Technology for any purposes prohibited by Law, including the development, design, manufacture, or production of missiles, nuclear, chemical, or biological weapons.
While the agreement does not provide a specific definition of "Law," it emphasizes the franchisee's obligation to ensure compliance with all legal requirements. A prospective Bonchon franchisee should seek clarification from Bonchon regarding what constitutes "Law" in this context and consult with legal counsel to ensure they fully understand their obligations and responsibilities.